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Bank Of England Chief: Global Economy Is Heading Towards A ‘Liquidity Trap’
The global economy is heading for a “liquidity trap” and central banks are running low on ways to fight a future recession, warned Mark Carney, governor of the Bank of England, in a recent interview with the Financial Times. • In his wide-ranging and exclusive interview with the Financial Times, the Bank of England governor worried that central banks around the world are ill-prepared to prevent the next major economic downturn. • The greatest concern for the British economy and those of other advanced countries is how central banks would be able to combat a future economic recession, and monetary policy alone ... (full story)